Governance Polls: Adjustments to DSR Spread, Dai Stability Fee, USDC Stability Fee, WBTC Stability Fee, and more

11 May 2020

The Maker Foundation Interim Risk Team has placed a series of Governance Polls into the voting system which presents adjustments to the DSR SpreadDai Stability FeeUSDC Stability FeeWBTC Stability Fee, WBTC Debt Ceiling, and an Inclusion Poll for Core Personnel Onboarding.

Poll: Dai Savings Rate Spread Adjustment

The Maker Foundation Interim Risk Team has placed a Governance Poll into the voting system which presents a number of possible Dai Savings Rate Spread options. Voters are now able to signal their support for a Dai Savings Rate Spread within a range of 0% to 4%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, May 11 at 4 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, May 15, at 4 PM UTC.

Review

The Dai Savings Rate Spread was discussed in the Governance call on Thursday, May 7. Please review the VideoAudioSummary and the online discussion to inform your position before voting.

Next Steps

  • On the Friday following the conclusion of the poll, there will be an Executive Vote asking MKR token holders if they support or reject the change proposed by this Governance Poll.

Poll: Dai Stability Fee Adjustment

The Maker Foundation Interim Risk Team has placed a Governance Poll into the voting system which presents a number of possible Dai Stability Fee options. Voters are now able to signal their support for a Dai Stability Fee within a range of 0% to 4.5%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, May 11 at 4 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, May 15, at 4 PM UTC.

Review

The Dai Stability Fee was discussed in the Governance call on Thursday, May 7. Please review the VideoAudioSummary and the online discussion to inform your position before voting.

Next Steps

  • On the Friday following the conclusion of the poll, there will be an Executive Vote asking MKR token holders if they support or reject the change proposed by this Governance Poll.

Poll: USDC Stability Fee Adjustment

The Maker Foundation Interim Risk Team has placed a Governance Poll into the voting system which presents a number of possible USDC Stability Fee options. Voters are now able to signal their support for a USDC Stability Fee within a range of 0% to 4.5%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, May 11 at 4 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, May 15, at 4 PM UTC.

Review

The USDC Stability Fee was discussed in the Governance call on Thursday, May 7. Please review the VideoAudioSummary and the online discussion to inform your position before voting.

Next Steps

  • On the Friday following the conclusion of the poll, there will be an Executive Vote asking MKR token holders if they support or reject the change proposed by this Governance Poll.

Poll: WBTC Stability Fee Adjustment

The Maker Foundation Interim Risk Team has placed a Governance Poll into the voting system which presents a number of possible WTBC Stability Fee options. Voters are now able to signal their support for a WTBC Stability Fee within a range of 0% to 5%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, May 11 at 4 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, May 15, at 4 PM UTC.

Review

The WBTC Stability Fee was discussed in the Governance call on Thursday, May 7. Please review the VideoAudioSummary and the online discussion to inform your position before voting.

Next Steps

  • On the Friday following the conclusion of the poll, there will be an Executive Vote asking MKR token holders if they support or reject the change proposed by this Governance Poll.

Poll: Adjust the WBTC Debt Ceiling

The Maker Governance Community has placed a Governance Poll into the voting system which the community can use to lower the WBTC Debt Ceiling from 10M to 3M.

This Governance Poll (FAQ) will be active for three days beginning on Monday, May 11 at 5 PM UTC, the results of which may inform an Executive Vote (FAQ) which will go live on Friday, May 15, at 5 PM UTC.

Review

Additional context was presented in a Forum Thread and a Signal Request on May 2nd, 2020 and May 3rd, 2020, respectively. Please review to inform your position before voting.

Next Steps

  • On the Friday following the conclusion of the poll, there will be an Executive Vote asking MKR token holders if they support or reject the change proposed by this Governance Poll.

Inclusion Poll for Core Personnel Onboarding (Governance Facilitator)

On May 11, the Maker Community will vote to determine whether the subproposal to add @LongForWisdom as a Governance Facilitator will proceed to next week's Governance Poll.

Inclusion Poll Details:

If the Yes votes in the inclusion poll are higher than the combination of No votes plus the Default Inclusion Threshold at the end of the poll, the proposal will be included in the Governance Poll.

Note that the Default Inclusion Threshold is set to 3000 MKR.

In summary, if Yes votes > (No votes + Default Inclusion Threshold) = inclusion in the Governance Poll.

Review

The proposal to add @LongForWisdom as a Governance Facilitator can be reviewed here: MIP0c12-SP2: Subproposal for Core Personnel Onboarding (Governance Facilitator). It was also discussed on the Governance call on May 7, 2020.

Next Steps

If the Inclusion poll passes, the Governance Facilitator will confirm the inclusion in the Governance Poll on the Thursday Governance and Risk call on May 14. The Governance Poll would then be begin next Monday, May 18.

Resources

Additional information about the Governance process can be found in the Governance Risk Framework: Governing MakerDAO

Demos, help and instructional material for the Governance Dashboard can be found at Awesome MakerDAO.

To participate in future Governance calls, please join us every Thursday at 16:00 UTC.

To add current and upcoming votes to your calendar, please see the MakerDAO Public Events Calendar.

11 May 2020